Platinum Equity
Mergers. Acquisitions. Operations.

Mergers. Acquisitions. Operations.

Custom Truck One Source

Industrials • Other • Acquired in April 2021

A leading provider of specialty equipment serving the electric transmission & distribution, telecom, rail and infrastructure industries, through rental, sales and aftermarket parts and service



  • Investment into Nesco Holdings, Inc. (NYSE: NSCO) ("Nesco") to facilitate its acquisition of CTOS
  • The company has been renamed Custom Truck One Source and trades under the ticket NYSE: CTOS
  • The combination creates a leading, one-stop-shop provider of specialty equipment serving highly attractive and growing infrastructure-focused end markets
  • Blackstone (the prior majority owner of CTOS) and certain members of the CTOS management team invested alongside Platinum in the transaction



  • Leverage larger buying volumes and in-house production capabilities across the combined company’s purchasing
  • Drive revenue synergies via cross-selling of CTOS’ new equipment offering and Nesco’s aftermarket parts, tools, and accessories offering
  • Pursue cost synergies and operational efficiencies



Nesco Holdings to Acquire Custom Truck One Source and Create Leading Specialty Rental Equipment Company in Partnership with Platinum Equity »

Nesco Holdings Completes Acquisition of Custom Truck One Source in Partnership with Platinum Equity and Changes Its Name to Custom Truck One Source, Inc.  »


updated 6/2021




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